Law on Inventory of Trees and Round Timber in Transactions (2004)

The Law determines principles for inventory of trees and round timber in transactions. Its purpose is to implement single inventory procedures for trees and round timber in transactions in all stages of the circulation of trees and round timber, as well as to promote fair competition and the collection of taxes. The Law applies to natural persons and legal persons who have obtained trees or round timber in a property or legal possession or who perform storage, treatment and processing of round timber. According to the law, persons who perform transactions with trees or round timber must determine the amount of trees and round timber and perform inventory in accordance with the procedures prescribed in Chapter III of this Law. If trees or round timber are intended for individual consumption, such trees or round timber may be inventoried in accordance with the procedures prescribed in Chapter IV of this Law.